I welcome the Administration's update of U.S. export controls on
high-performance computers. This policy will promote our national
security, improve the effectiveness of our export controls, and increase
the ability of U.S. high-tech companies to compete and win in global
markets.

This decision reflects the consensus position of our national
security and economic advisers. It helps our nation devote more
resources to controlling those technologies that truly pose a threat to
our national security. The Administration's policy also recognizes the
importance to our national security of maintaining a strong and vibrant
industrial and technology base.

Today's announcement is also good for the U.S. economy. In recent
years, the information technology sector has accounted for almost
one-third of U.S. economic growth, and is generating jobs that pay 85
percent more than the private sector average. By continuing to update
U.S. export controls, the Administration is helping to ensure that
America continues to lead the world in the Information Age.

I urge the Congress to pass legislation that would shorten the
Congressional review period before these decisions can go into effect.
This legislation is needed so that our export control policies can keep up
with the pace of technological change.

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